08:18 AM EDT, 05/06/2024 (MT Newswires) -- Block (SQ) said Monday it plans a private placement of $1.5 billion in senior notes.

The company and the purchasers have yet to set the interest rate, redemption provisions, maturity date, and other terms of the notes.

Block intends to use the net proceeds from this offering for general corporate purposes, which may include the repayment of other debt, potential acquisitions and strategic transactions, capital expenditures, investments, and working capital.

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